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Top fintech stories this week – 2 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Central Bank of Armenia revamps tech with Intellect Design Arena

Central Bank of Armenia in tech overhaul

India-based software vendor Intellect Design Arena is to provide its Intellect Quantum Central Banking System (QCBS) to Central Bank of Armenia.

TCS Bancs wins AU$13.6m core banking system contract with Reserve Bank of Australia

Australia's central bank in AU$13.6m tech overhaul

Reserve Bank of Australia (RBA), the country’s central bank, has made a decision to overhaul its core banking technology with TCS Financial Solutions’ Bancs system.

Hungary’s central bank endorses instant payment infrastructure plans

Instant payments infrastructure coming to Hungary

Hungary’s central bank and regulator, Magyar Nemzeti Bank (MNB), is bringing a new instant payments system to the country. It will require “state-of-the-art IT and communication solutions in payments”.

Hackers steal $31.4 million from Bank of Russia

And here go RUB 2 billion...

Hackers have stolen RUB 2 billion ($31.4 million) from correspondent bank accounts at Bank of Russia, the country’s central bank.

The Reserve Bank of New Zealand opts for Numerix risk analytics software

RRR

New Zealand’s central bank, Reserve Bank, is implementing Numerix’s Oneview for trade valuation and risk management analytics. The system will support risk pricing and risk analytics, market standard trade valuation, and position and collateral management. “We are improving our technology and analytics capability in our domestic and foreign market operations,” says the bank’s deputy governor, […]

Dutch central bank mulls new blockchain currency

Flag_of_the_Netherlands.svg

De Nederlandsche Bank (DNB), the Dutch central bank, is looking to develop an internal blockchain prototype called “DNBCoin”. In its recently published annual report for 2015, DNB says this year it will aim to use blockchain to improve its business and mentions DNBCoin as an experiment with its own digital currency. The bank doesn’t go […]

Russian Central Bank moves to restore trust as Swift rejects EU exclusion request

Russia' Central Bank is taking measures

Russia’s Central Bank has revoked the licences of three banks as part of an effort to restore trust in the country’s banking system. The move comes as financial messaging network Swift stands defiant against a European Parliament resolution calling for the expulsion of Russia from the community.

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